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ICC Credit claims that the freight and logistics industry is continuing to
suffer with an average of 774 companies going into administration or liquidation
every year since 2002.
The number of companies going into liquidation or administration reached a high
of 807 in 2005. This was a 8.5% increase from 2004. This year to date, there are
346 companies that have suffered the same fate.
Matthew Debbage, Head of Product and Marketing at ICC commented: "In 2005 the
freight transport and logistics industry made up 2% of the total number of
companies going into liquidation or administration in the whole of the UK. This
is quite a shocking percentage."
According to the Road Haulage Association (RHA), one of the key factors that has
to be taken into account when discussing the demise of haulage companies is the
ever-increasing price of fuel.
Fuel accounts for approximately 30% of operating costs. Many operators are able
to pass the additional cost on to their customers but many are not.
For the general motorist, a 1p per litre increase will cost approximately an
extra 50p, but for the haulier, a 1p per litre increase equates to an extra £10
(based on a 1000 litre tank).
On a weekly basis, this will equate to an extra £520 per annum per vehicle.
Commenting on the research, Kate Gibbs, Communications Manager at the Road
Haulage Association, stated: "Despite the cost of fuel, the bad press and the
stream of rules and regulations, the UK road haulage industry is one of the most
efficient, cost effective and environmentally friendly sectors of UK plc."
Source:
RedAlert
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